Stabilized 12-Unit Multifamily
6300 Monsanto Drive Austin, TX 78741
For Sale
Contact for pricing
Owner-managed 12-unit multifamily asset with in-place income and a durable metal roof, accessed via major Austin routes.
Property Size4,752 SF
Price / SF$199.92
Days on Market8
Property Features for 6300 Monsanto Drive
General Information
Standard status
Active
Size
4,752 SF
Property subtype
Multifamily
Building Details
Year Built
1972
Listing Agency:
ATX Properties
(512) 767-4254
Listed By:
Brett Silverman · License #TX 638589
Source:
Crexi
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 29 at 5:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ATX Properties
Investment Insights
Based on property information with market context.
6300 Monsanto Dr is a stabilized 12-unit multifamily property offering in-place rental income. The building is owner-managed and described as having strong occupancy with minimal vacancy, with long-term tenants on flexible month-to-month leases. Improvements include a durable metal roof intended to support consistent building care.
The property is positioned in the Montopolis submarket, minutes from Downtown Austin and Austin-Bergstrom International Airport, and it is also near major employment centers. Access is described as convenient to Hwy 71, US-183, and I-35, with closeness to Lady Bird Lake, the East Austin entertainment area, and the Riverside corridor. The immediate vicinity is also described as benefiting from redevelopment activity, including a planned Dog’s Head mixed-use development.
In addition to the current income, the remarks note that current rents are below area comps, which may appeal to investors looking to align rents with market levels over time.
The property is positioned in the Montopolis submarket, minutes from Downtown Austin and Austin-Bergstrom International Airport, and it is also near major employment centers. Access is described as convenient to Hwy 71, US-183, and I-35, with closeness to Lady Bird Lake, the East Austin entertainment area, and the Riverside corridor. The immediate vicinity is also described as benefiting from redevelopment activity, including a planned Dog’s Head mixed-use development.
In addition to the current income, the remarks note that current rents are below area comps, which may appeal to investors looking to align rents with market levels over time.
Key Highlights
- 12‑unit multifamily property built in 1972 with in‑place income
- Owner‑managed building with a durable metal roof
- Long‑term tenants with flexible month‑to‑month leases and a track record of strong occupancy/minimal vacancy
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.7k | $26.04 |
| − Vacancy | −$6.4k | −$1.35 |
| EGI | $117.3k | $24.69 |
| − OpEx | −$52.8k | −$11.11 |
| NOI | $64.5k | $13.58 |
4,752 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$921.7K
$806.5K – $1.08M
NOI $64,519 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,350 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Owner-managed 12-unit multifamily asset with in-place income and a durable metal roof, accessed via major Austin routes.
Where is this apartment building located?
The property is located at 6300 Monsanto Drive Austin, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 12‑unit multifamily property built in 1972 with in‑place income; Owner‑managed building with a durable metal roof; Long‑term tenants with flexible month‑to‑month leases and a track record of strong occupancy/minimal vacancy
